Brokerages Set Ashtead Group plc (LON:AHT) PT at GBX 5,537.86

Ashtead Group plc (LON:AHT) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 5,537.86 ($72.09).

Several brokerages have recently issued reports on AHT. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 6,500 ($84.61) target price on shares of Ashtead Group in a report on Wednesday, September 4th. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,150 ($80.06) price objective on shares of Ashtead Group in a research note on Tuesday, September 3rd. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 7,000 ($91.12) target price on shares of Ashtead Group in a research report on Monday, October 14th.

Ashtead Group Stock Performance

Shares of AHT opened at GBX 6,286 ($81.83) on Tuesday. The company has a market capitalization of £27.45 billion, a price-to-earnings ratio of 2,372.08, a price-to-earnings-growth ratio of 1.32 and a beta of 1.22. Ashtead Group has a 52-week low of GBX 4,437 ($57.76) and a 52-week high of GBX 6,446 ($83.91). The company has a quick ratio of 1.13, a current ratio of 1.17 and a debt-to-equity ratio of 145.75. The stock has a 50 day moving average price of GBX 5,668.22 and a 200 day moving average price of GBX 5,546.51.

Insider Transactions at Ashtead Group

In other Ashtead Group news, insider Lucinda Riches sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of GBX 5,880 ($76.54), for a total transaction of £58,800 ($76,542.57). Insiders own 0.64% of the company’s stock.

Ashtead Group Company Profile

Ashtead Group plc, together with its subsidiaries, engages in the construction, industrial, and general equipment rental business in the United States, the United Kingdom, and Canada. It provides pumps, power generation, heating, cooling, scaffolding, traffic management, temporary flooring, trench shoring, and lifting services.